Pulse Seismic (TSE:PSD) Stock Price Up 13.8% – Here’s Why

Pulse Seismic Inc. (TSE:PSD)’s stock price was up 13.8% on Thursday. The company traded as high as C$3.33 and last traded at C$3.30. Approximately 103,145 shares traded hands during mid-day trading, an increase of 137% from the average daily volume of 43,442 shares. The stock had previously closed at C$2.90.

Pulse Seismic Stock Performance

The company has a market cap of C$164.82 million, a PE ratio of 325.00 and a beta of 0.20. The company has a debt-to-equity ratio of 1.31, a quick ratio of 7.28 and a current ratio of 7.25. The stock’s 50-day simple moving average is C$3.00 and its 200 day simple moving average is C$3.44.

Pulse Seismic (TSE:PSD) last issued its quarterly earnings results on Tuesday, July 28th. The company reported C$0.03 earnings per share (EPS) for the quarter. Pulse Seismic had a net margin of 2.42% and a return on equity of 2.74%. The business had revenue of C$3.61 million for the quarter. As a group, equities analysts anticipate that Pulse Seismic Inc. will post 0.0407643 EPS for the current year.

Pulse Seismic Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 25th were issued a $0.0187 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.07 dividend on an annualized basis and a yield of 2.3%. Pulse Seismic’s dividend payout ratio (DPR) is 712.50%.

Insider Activity at Pulse Seismic

In other news, Director Neal James Coleman sold 417,700 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of C$2.85, for a total transaction of C$1,190,445.00. Following the transaction, the director directly owned 17 shares of the company’s stock, valued at C$48.45. This represents a 100.00% decrease in their position. Insiders own 22.95% of the company’s stock.

Pulse Seismic Company Profile

Pulse Seismic Inc is a Canadian company which acts as a provider of seismic data to the energy sector in western Canada. The company is engaged in the acquisition, marketing, and licensing of 2D and 3D seismic data to the energy sector. It offers the full suite of project management services including On-site professional project management, experienced cost estimation services, daily reporting to clients and detailed project cost tracking, procurement of subcontractors to ensure regulatory compliance, and others.